BCE reported its quarterly earnings yesterday and rewarded investors with a 5% dividend increase. This will boost my dividend income and further accelerate my compound growth. I reviewed Bell Canada not so long ago and if you want a deeper look at the company.
Here are the highlights from their news release:
- Strong Adjusted net earnings attributable to common shareholders of $543 million; Adjusted EPS up 18% to $0.72 per share
- Bell revenues up 1.0% on service revenue growth of 1.8%; EBITDA(1) growth of 6.4% is Bell’s best performance in more than 8 years
- Bell Wireless operating revenues up 9.2%; EBITDA up 12.2%; EBITDA margins increase to over 40%
- Market-leading wireless postpaid net additions of 80,648; smartphones represent 55% of gross postpaid activations; Bell to launch next-generation LTE wireless network in certain markets this year
- Bell Wireline EBITDA growth of 4% driven by rigorous cost control; Fibe TV and Fibe Internet gain further traction; increased ARPU across residential services
So far these past months the Telecom Utilities have certainly been good to dividend investors. Not only do they have a good dividend yield, they have increased their dividends. It’s no wonder many of them are dividend aristocrats.
- April 27, 2011 – Rogers Communication increased their dividends by 11%
- May 5, 2011 – Telus increased their dividends by 4.8%
- January 13, 2011 – Shaw Corporation increased their dividends by 5%
- December 17, 2010 – AT&T increased their dividends by 2.4%
Readers: Are Telecoms part of your portfolio?
Disclosure: Long BCE, RCI.B, TSE:T and NYSE:T